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This article is about the media conglomerate in operation from 2005 to 2019. For the previous incarnation of the company, see Viacom (1952–2005). The second phase of Viacom Inc. (/ ˈvaɪəkɒm / ⓘ VY-ə-kom or / ˈviːəkɒm / VEE-ə-kom; a portmanteau of Video & Audio Communications), was an American multinational mass media and ...
Paramount Global (also known simply as Paramount) is an American multinational mass media and entertainment conglomerate controlled by National Amusements and headquartered at One Astor Plaza in Times Square, Midtown Manhattan. The company was formed on December 4, 2019, as ViacomCBS through the merger of the second incarnations of CBS ...
Sumner Murray Redstone (né Rothstein; May 27, 1923 – August 11, 2020) was an American billionaire businessman and media magnate.He was the founder and chairman of the second incarnation of Viacom, chairman of CBS Corporation (both companies merged in 2019, a year before Redstone's death), and the majority owner and chairman of the National Amusements theater chain.
December 4, 2019. Resulting entity. ViacomCBS (now Paramount Global) The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019. The merger of equals reunited CBS Corporation and Viacom into a single company known as ViacomCBS (today known as Paramount Global) after their separation ...
In November 1985, Viacom announced that it had plans to buy the remaining 69% of MTV Networks from Warner for $326 million, [8] and the acquisition was completed on May 20, 1986. [9] In 1988, the company partnered with fellow Viacom subsidiary Viacom Enterprises to handle advertising sales of Superboy, a syndicated television series. [10]
Viacom and CBS Chairman Emeritus Sumner Redstone, the media mogul who took his father's movie theater chain and built it into an empire that included Paramount Pictures, CBS and MTV, has died at ...
The original phase of Viacom Inc. [a] (derived from "Video & Audio Communications") was an American mass media and entertainment conglomerate based in New York City.It began as CBS Television Film Sales, the broadcast syndication division of the CBS television network in 1952; it was renamed CBS Films in 1958, renamed CBS Enterprises in 1968, renamed Viacom in 1970, and spun off into its own ...
National Amusements owns a 9.7% equity stake and 79.9% voting interest in Paramount Global, and used to operate its predecessors, the second CBS Corporation and the second Viacom before their closure in 2019, both split from the also defunct First Viacom. [30] The company may hold an unspecified stake in Audacy, Inc., as part of the reverse ...